Polyester Staple Market Price Weakness (9.30)

Polyester staple fiber market mentality is not good, part of the price is weak.

Futures are lower and lower, and the market mentality of polyester and short market is not good. Some prices are weakening. The mainstream quotation of Jiangsu and Zhejiang 1.4D direct spinning polyester and short market is around 8950 yuan / ton line, and the downstream market is cautious.

The Fujian market is short of quotations, stable and small movements. Today's manufacturers are mostly Ping Bao. 1.4D direct spinning polyester and short market offers 8950-9000 yuan / ton short delivery, the market is mostly on the sidelines, and the buying atmosphere is not strong.

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The market is short and steady. The 1.4D direct spinning polyester short mainstream newspaper is delivered to 9000-9100 yuan / ton, and the stock preparation before the lower reaches will be light.

Shandong Changyi market yarn demand has not improved.

Maintain a weak state of volume and price, 21S mainstream newspaper 12900 yuan / ton, 32S mainstream newspaper 13300 yuan / ton.

It is expected that the short and short market will be more stable in the short term.

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"The main reason for the sharp rebound of PTA futures after May is that the domestic PTA production enterprises have formed a price alliance, and now the alliance is in name only."

Guotai Junan Futures analyst Dong Dandan said.

It is reported that Yisheng and Xiang Lu September PTA contract cargo settlement price of 6900 yuan / ton, Hengli settlement price of 7000 yuan / ton, the alliance has internal price differences, and the settlement price has not been calculated according to PX+720 yuan / ton.

One industry insider told reporters that the main reason for the failure of the alliance was that Hengli had failed to comply with the agreement, and the market was short in the futures market, resulting in a bull in the 1409 contract, and its profits in the futures market were quite good, which made the other manufacturers who took the initiative to reduce the load but did not sell short.

"Yisheng and Xiang Lu settlement price of 6900 yuan / ton is actually for breath, Yisheng downstream matching polyester, the actual impact is not big."

Immediately after the collapse of the alliance, the load will start to increase.

Dong Dandan said that in the 6-9 months of the alliance, Xiang Lu and Yisheng's active production control led to a sharp decline in the operation rate of the entire PTA industry, excluding the two week 70% operation rate in the first half of July, and the rest time was below 65%.

However, the direct beneficiaries of the two big enterprises' reduction in production have become Hengli and other small and medium-sized enterprises.

With the outflow of the 1409 contract deliveries and the introduction of the settlement price in September, the two enterprises will substantially increase the operating rate in the later stage.

In fact, the starting rate of PTA began to increase gradually in late September.

This judgment was confirmed in many other industry circles.

"The operating rate in October is sure to go up. Now the big factory has gone back to the idea of making use of its own production line to lower the cost of processing the price war, plus the four quarter involved second years of signing the customer's problem. The leading enterprises must maintain the normal starting load."

A spot business person said.